Under more and more fiscal scrutiny because of shrinking state and local budgets, workforce development programs are being asked to estimate their return on investment (ROI). This paper introduces basic concepts of ROI in workforce development programs. It distinguishes ROIs estimated for workforce programs from those that are estimated for financial investments or capital projects. The paper f...

Growth in the use of simulation technology has been less than expected. Today there are still many applications that could benefit from simulation, but that do not use it. As companies decide whether to use simulation, they need to consider the investment and all possible benefits. In this panel, four simulation professionals from academia and industry answer two questions about Return on Inves...

As a result of the increasing pressure on health care expenditures calculations of the return on investment (ROI) have been attempted in assessing the utility of medical equipment purchases. The measurement of ROI requires an in-depth analysis of equipment cost, cost structure, and medical processes. ROI analysis in health care is more complicated and error-prone than in most other industries. ...

Active Learning (AL) can be defined as a selectively supervised learning protocol intended to present those data to an oracle for labeling which will be most enlightening for machine learning. While AL traditionally accounts for the value of the information obtained, it often ignores the cost of obtaining the information thus causing it to perform sub-optimally with respect to total cost. We pr...

Using data on libraries collected by the Association of Research Libraries (ARL) and the Association of College and Research Libraries (ACRL), as well as fall-to-fall retention rates obtained from the Integrated Postsecondary Education Data System (IPEDS) of the National Center for Education Statistics (NCES), this study employs statistical measures of association to analyze the relationship of...